ABM Industries (NYSE:ABM) Issues FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM) issued an update on its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.600-3.800 for the period, compared to the consensus estimate of 3.660. The company issued revenue guidance of -. ABM Industries also updated its FY25 guidance to $3.60-$3.80 EPS.

Analyst Ratings Changes

ABM has been the subject of a number of research reports. UBS Group raised their price objective on ABM Industries from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Robert W. Baird raised their target price on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Truist Financial lifted their price target on shares of ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, September 9th.

ABM Industries Trading Down 8.4 %

Shares of ABM opened at $50.32 on Thursday. The stock has a 50 day simple moving average of $55.42 and a 200-day simple moving average of $53.36. ABM Industries has a 1 year low of $39.64 and a 1 year high of $59.78. The stock has a market cap of $3.16 billion, a PE ratio of 20.79 and a beta of 1.14. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. On average, sell-side analysts predict that ABM Industries will post 3.53 EPS for the current fiscal year.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a $0.265 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, January 2nd. This represents a $1.06 annualized dividend and a yield of 2.11%. ABM Industries’s payout ratio is presently 43.80%.

Insider Activity

In other news, CFO Earl Ray Ellis sold 40,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the sale, the chief financial officer now directly owns 45,260 shares of the company’s stock, valued at $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is currently owned by corporate insiders.

About ABM Industries

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.